IMPORTANCE OF AGRI-FOOD SECTOR IN THE ECONOMIES OF CENTRAL-EAST EUROPEAN COUNTRIES
Abstract
This article attempts to present the importance of agri-food sector in the economies of Central-East European countries in consideration of their macroeconomic situation. The analysis was carried out on the data base from EU statistics, published by Eurostat (including the balance of inputs and outputs). The study shows that the position of agri-food sector in the national economy is dependent on the level of development of the state. In countries with better macroeconomic situation of the importance of agri-food sector in the entire economy is smaller, and the results are affected by the food industry. In countries with poor macroeconomic situation agri-food sector has a large share of the economy, despite the underperformance of production. Agriculture has the strongest impact on the situation.
Keywords
countries of Central-East European; agri-food sector; production results and profitable
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